Use the Following to Answer Questions

question 191

Multiple Choice

Use the following to answer questions:
-(Figure: Guns and Butter) Use Figure: Guns and Butter.If the economy is operating at point B,producing 16 guns and 12 kilograms of butter per period,a decision to move to point E and produce 18 kilograms of butter:

• A) indicates that you can have more butter and guns simultaneously.
• B) makes it clear that this economy has decreasing opportunity costs.
• C) necessitates a loss of 8 guns per period.
• D) necessitates a loss of 4 guns per period.

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Definitions:

Non-Comparative

A method or approach that does not involve comparing elements or items with one another.

Rating Scale Method

A method of performance evaluation where employees are ranked on a scale based on certain criteria.

Forced Distribution

A performance management system where employee evaluations are distributed along a predetermined curve, often requiring managers to rank employees against each other.

Performance Appraisal Systems

Formal systems used within organizations to evaluate employee performance, providing feedback, documenting accomplishments, and identifying areas for improvement.